Invesco Ltd. Cuts Stock Holdings in REX American Resources Co. (NYSE:REX)

Invesco Ltd. decreased its stake in shares of REX American Resources Co. (NYSE:REX - Free Report) by 27.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 234,463 shares of the energy company's stock after selling 88,135 shares during the quarter. Invesco Ltd. owned approximately 1.33% of REX American Resources worth $9,775,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of REX American Resources by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 1,304,619 shares of the energy company's stock valued at $54,390,000 after purchasing an additional 5,149 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of REX American Resources by 14.1% in the 4th quarter. American Century Companies Inc. now owns 421,621 shares of the energy company's stock valued at $17,577,000 after purchasing an additional 51,945 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of REX American Resources by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 368,638 shares of the energy company's stock valued at $15,372,000 after purchasing an additional 2,858 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of REX American Resources by 19.0% in the 4th quarter. JPMorgan Chase & Co. now owns 123,419 shares of the energy company's stock valued at $5,145,000 after purchasing an additional 19,686 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of REX American Resources by 1.5% in the 4th quarter. Victory Capital Management Inc. now owns 84,316 shares of the energy company's stock worth $3,515,000 after buying an additional 1,221 shares during the last quarter. Institutional investors own 88.12% of the company's stock.

REX American Resources Stock Down 0.5 %

Shares of REX stock traded down $0.20 on Tuesday, hitting $40.87. The company had a trading volume of 8,618 shares, compared to its average volume of 154,261. The firm has a market cap of $695.32 million, a P/E ratio of 10.68 and a beta of 0.69. REX American Resources Co. has a twelve month low of $33.45 and a twelve month high of $60.41. The company has a 50-day moving average price of $38.12 and a 200-day moving average price of $41.47.

REX American Resources (NYSE:REX - Get Free Report) last released its quarterly earnings results on Wednesday, March 26th. The energy company reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.27 by $0.36. The company had revenue of $158.23 million during the quarter, compared to analysts' expectations of $163.00 million. REX American Resources had a return on equity of 11.05% and a net margin of 10.07%. During the same quarter in the prior year, the firm posted $1.16 EPS. Equities research analysts expect that REX American Resources Co. will post 2.93 EPS for the current year.

REX American Resources announced that its board has approved a stock buyback program on Wednesday, March 26th that permits the company to buyback 1,500,000 shares. This buyback authorization permits the energy company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its shares are undervalued.

Analysts Set New Price Targets

Separately, Truist Financial reissued a "buy" rating and set a $50.00 target price (down previously from $55.00) on shares of REX American Resources in a research report on Thursday, March 27th.

REX American Resources Company Profile

REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol in the United States. The company also offers corn, distillers grains, ethanol, distillers corn oil, gasoline, and natural gas. In addition, it provides dry distillers grains with solubles, which is used as a protein in animal feed.